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Arun and Margot want to admit Tammy as a third partner for their partnership. Their capital balances prior to Tammy's admission are $50,000 each Prepare
Arun and Margot want to admit Tammy as a third partner for their partnership. Their capital balances prior to Tammy's admission are $50,000 each Prepare a schedule showing how the bonus should be divided among the three, assuming the profit or loss agreement will be 1.3 once Tommy has been admitted and het contribution is If an amount is zero, enter "0" A. $20,000 Total capital of Arun and Margot Tnvestment by new partner, Tommy Total capital of new partnership Tammy's capital credit Total bonus to Arun and Margot Allocation of bonus to Arun and Margot: Arun Margot B. $59,000 Total capital of Arun and Margot tA Investment by new partner, Tammy ta Total capital of new partnership ta Tammy's capital credit Total bonus to Arun and Margot Allocation of bonus to Arun and Margot: Arun $ $ Margot C. $50,000 Total capital of Arun and Margot Investment by new partner, Tammy Total capital of new partnership (UU Tammy's capital credit Total bonus to Arun and Margot Prepare the journal entries to show the resulting each of the three partners' capital accounts. If an amount box does not require an entry, leave it blank A B c
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